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Search Results 0 to 49 of about 594 (some duplicates have been removed)
's helping the economy make a comeback. a "set back" for stocks, on investor jitters about the global economy. the major averages are now in negative territory for october. is this a buying opportunity or time to take profits? and toyota, once known for quality, announces yetnother major recall. does this make toyota less popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existg home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 1
at the end of the day. when the economy is much less strong as is the case today, they don't do that. they have no need to do that. there is nothing more potent as a driver of education for those with less skill than a taught labor market and the need to hire. i would suggest to you that those who assert that slow growth and stimulus and what happens in the short run is the short run issue, what is most important is the concept of long run fundamentalss this the crucial point -- miss the crucial point. we are by allowing the economy remains stagnant committing grievous structural sins. we are squandering human capital as people withdraw from the labour force. we are missing opportunities for employment and training for workers in their most formative years. we are running an active set of measures that discourage investment in finding the most disadvantaged workers and we are providing limitations on the incentive to invests in research and development as a product of tomorrow. how then to think about our current situation and the strategy for moving forward? it is i think right to s
,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clear. 5.2 million jobs add
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
on the economy, how does the consumer feel about the so-called recovery? we bring you new numbers on that at the top of this coming hour. and let's go to nicole. we have news on apple's mini ipad. what's the news and what's the stock doing? >> oh, the speculation is swirling. well, we'll see whether or not apple takes off the-- and goes under the the wraps here. october 23rd, the day we're looking for. this may be the day we learn a lot more about the ipad mini that we have been talking about here on "varney & company," right. stuart: when we learn a lot more, what will it be? the specs on the thing, how big, how small. >> i don't know. invitation only event. it was reported all things d on today. and we've talked about the fact that the ipad is 9.7 inches, the ipad mini based on some of the analysts who went over to asia and saw some of the displays being ordered were speculating it could be 7.8 inches, so 7.8 rather than 9.7. and so, it will be smaller and will be able to compete, obviously, more readily with the kindle fire and the other smaller types of tablets. stuart: i just
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
into the economy they are 12i78ity-- stimulating housing. citi has problem relating to housing. they are stimulating emerging markets where citi is the strongest. >> all right, let's take a look at some of your other picks besides citi. you like goldman sachs. you have been telling us this all year. and the regional bank suntrust. again, was's the attraction? >> suntrust again is in the southeast. it has continued to have credit problems later than a lot of the other banks. but that's been a bad thingment but now we think it's a good thing. because right now we can still see a lot of positive improvements as we start to see a pick up in the economy and housing and places like florida, can help move that stock back up. so we still like suntrust. >> we just have about 45$p)-sec. a new round of bank stress tests coming up. how do you think banks are going to do. are they strong enough to withstand a financial downturn? >> well, i think they're strong enough. the question is does the fed think they're strong enough. and that is what we will find out. i think it will be a tough time
's move to issue number one here in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at t
on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. it can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent questions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. do you believe that and how does that change the situation? >> it helps the situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job,
's the world economy and the u.s. economy. the imf cited two reasons things could get worse, first if european lead s fail to support their ailing economies and second if leaders here in the united states let us plunge over the fiscal cliff. the imf sister organization, the world bank citing the same two factors, cut its growth forecast for asia this week as well. now, that's for the next couple of years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election? that depends on which of these two roads america takes on election day. i'll take you down both paths on this show starting with what 2016 will look like under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. as i keep telling you, that claim it ridiculous, considering the sluggish growth we're seeing right now and the new downward revision. but for the purposes of this exercise, i'll take him at his word and presume an historic surge in jobs lies ahead. let's talk about taxes next. i'm going to let governor romney explain this for himse
. that promise is rapidly slipping away because our economy is on the wrong track. 170,000 people woke up in our state this morning without a job. we can get our economy back on track if we get our people back to work. i have a plan to do that. i have been there. i've been bankrupt. i've lost everything and i have been able to come back. that's what we need a -- that's what we need to do. the plans my opponent has support in washington has only made things worse. you can look it a path for someone who has created millions of jobs or you can look at the path for someone who's going to push the economy of the fiscal cliff. >> thank you very much and thank you to channel three. i'm looking forward to this morning. i am a product of connecticut possible class. my grandfather worked in the factories of new britain, my mother is a retired schoolteacher. i was raised to believe i need to live my life in a way to stand up for the bill class families of the state that has meant so much to my family. i passed the connecticut stem cell law which is saving lives and putting people to work. i went to congres
is the first dow component to report earnings, and is considered a bellwether of how the economy is faring. the stock barely budged in the regular session, closing at $9.13 a share, and was up a few pennies after hours. we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commerc
? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that provides opportunity and jobs. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. we will not try to replace our founding principles. we will reapply our founding principles. the choice is clear. the choice rests with you. we ask you for your vote. thank you. >> thank you both again. thank you very much. this concludes the vice- presidential debate. please tune in next tuesday for the second presidential debate in new york. i do hope all of you go to the polls. have a good evening. [applause] [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] [applause] , livem tonight's debate reaction for the next hour. it is just past 1:00 eastern time in the morning. we are taking your tweets. you can join us on facebook. we will get to your calls in a couple of minutes. [applause] >> as the vice president the parts, along with paul ryan and their
assessment. saying look unless the u.s. and europe and the global economy could fall into a steeper slowdown. they are saying confidence is being damaged. damaged confidence that discourages businesses from investing and damaged confidence stops consumers from spending. so the i.m.f. downgraded the overall growth for this year to 3% in july. so only a few months they had to downgrade the forecast basically. the i.m.f. also highlighted what you and i spoke about yesterday. the new rescue fund, the permanent rescue fund for the euro zone. they said it's very important and the leaders need to start using that fund to rescue banks. in terms of the united states, the i.m.f. was blunt and said congress needs to sit down and sort out the budget in a nutshell saying everything the leaders have done so far is just not enough and the emerging economies, china, which they downgraded. they used one phrase only, a common factory. listen to this. >> which applies to the revision in most emerging market countries is exports. they are not doing great. and the striking thing in the world in which we are is
. germany is opposing the deal. >> lack of action from europe could risk pushing the global economy back into recession. >> you're watching "worldwide exchange," bringing you big news from around the globe. >>> welcome. "worldwide exchange" exchange. it's hump day. >> yes, it is. although it's been a shorter week for me. doesn't quite work that day. i guess i'm already over the hump. >> plenty coming up on today's program. >> indeed. let's take a look at where we'll be going around the world. >> won't attend imf meetings there as tensions between the two countries intensify. the u.s. government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though,
't smell right when you think about where the economy is right now. >> what about those recent numbers in the latest job report and showing a dip in the unemployment. former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference
on the rich, you're going to destroy our economy." not true! >>> not a single thing he said is accurate. first of all -- >> be specific. >> i will be very specific. this lecture on embassy security. the congressman here cut embassy security in his budget by $300 million below what we asked for number 1. >> jennifer: congressman ryan could not have been to happy about challenging him on that. congressman ryan voted to authorize $300 million less for embassy security than requested by the obama administration. that's just one of the many misleading statements about foreign policy that emerged from congressman ryan last night. here to help up dissect the truth, former secretary of defense, lawrence corb. so great to have you back. >> nice to be with you. >> ms. cutter criticized governor romney because politicizing the libya attack. >> he spoke out even before libya. he accused obama for apologizing for basically the rise that occurred in egypt, when in fact what the spokesman said is we didn't support that crazy movie that was causing it. so, yeah he did politicize it
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
economy. we'll also be the first to have yum brand results coming up. another key indicator of where this economy and market may be headed. here's where we stand now. a selloff this morning with the dow down 79 points. just kind of bumping along the bottom of the day, now at 13,506. the nasdaq is down 37 points. all these charts will look similar today. 1.2% down on the nasdaq. the s&p is down nine points at 1446. >> it's not a very happy anniversary today for the dow's all-time high. it was five years ago today the dow and s&p 500 hit their all-time closing highs. right now the dow is about 600 points away from that high-water mark. for the year, stocks are still up a solid 15%. why does it feel like it's the most hated bull market in recent memory? the numbers show that main street investors are not on the ride. they have been pulling money out of the stock mutual funds 15 of the last 16 months, putting cash into so-called safer assets, bill. we know that to be bonds. >> yes, we do. in today's "closing bell" exchange, we have larry blazer, peter bookbar, bob, and rick santelli stan
for free? well, it is a two-sided part of the economy. you have people who want to engage in the search. they want to find things quickly and effortlessly through the internet. on the other side there are advertisers who are happy to purchase advertising from google and it will be presented to this consumers reveal themselves to be interested in looking for particular things. a restaurant or a kind of car or a book, what have you consumers do their part by lending their eyes. it is taken to a much higher value added level. you, the consumer, reveal through your search what you are really looking for. advertisers are able to zero in on a potential audience of what they have to sell. the interest that google has been offering its search engine. and how the search engine operates, i'd like to address a few of the higher-level questions. a few that have come up and whether it presents an antitrust problem with google. i am only going to focus on questions that originated in the u.s. and are analyzed. the first is google's ranking of specialized searches. i'll explain that in a moment. speci
's now the economy that has the e.u. facing one of its biggest crises yet. mounting debts, high unemployment, and austerity measures have triggered protests in some euro-zone nations. the economic woes have created deep rifts among countries using the joint currency, and raised questions about maintaining the euro and even their union. germany is the e.u.'s economic powerhouse. its chancellor, angela merkel, said the nobel peace prize shows the value of european unification. >> ( translated ): the euro is more than a currency because in the end it is foremost about the original idea, the idea of europe as a community of peace and values. >> suarez: but there were detractors, including those who said the e.u. hasn't dealt with an influx of immigrants. the director of amnesty international's branch that monitors the e.u. said he hopes the award would encourage the european union to be more open to refugees. >> suarez: the $1.2 million prize will be awarded in oslo on december 10. for a closer look at its successes and some of the ongoing challenges facing the e.u., i'm joined by a
to create a new american economy, or one where advertisers work to keep your torn up and upset all the time to convince you the government is the source of all evil and mess up a two-car parade. the choice is believing that we are better off when we work for shared prosperity because too much inequality is a severe con strainlt on economic growth for everybody else. so should we work for shared prosperity or trickled down economics? this is the clear choice. it's a clear choice between president obama and governor romney. between shelly berkeley and her opponent. defeat steven, jon, and their opponents. they're not bad people and i'm new york city not trying to get you -- i'm not trying to get you torn up and upset. i'm telling you the truth. this is what is going to happen. if you really -- if you want north korea come back, quicker, stronger, broader, deeper, more modern, more relevant to the future, if you want to rebuild the 21st century american middle class and just as important give poor people a ladder in to it, you have to make the right choice. [applause] at nevada, look at the cr
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
direction. look at where we are. the economy is barely limping along. it is growing at 1.3 percent. >> for a guy who says 47 percent of the american people are unwilling to take responsibility for their lives my friend recent y in a peach says 30 percent are takers, these people are my mom and dad, the people i grew up, and my neighbo, th pay more effective tax than governor romney pays in his federal income tax. >> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> that statistic was completely misleading but more importantly -- >> that's the facts. >> this is what politicians do when they don't have a record to run on. >> rose: joining me now in new york is rich lowry, editor of the "national review", from danville is mark halperin of time magazine, chuck todd of nbc news and from washington al hunt, executive editor of bloomberg news, joining us shortly from washington will be katty kay of the bbc world news america, gwen ifill of pbs and joining us in new york is john dickerson of nbc news and slate magazine, i am glad to have all of th
is going to be the economy that decides it. in the economy of monthly and quarterly data releases, this is the economy of day-to-day lives. the struggle to find jobs and pay bills. it was striking and that several people referring to both candidates said, i wish they could step into my shoes for a day to see it as i see it. there is a perception that they have not empathize. hashemi polls suggest that some voters say they are starting to see an uptick in the economy. >> there is a concern about the day-to-day lives and the future. we cut something. that is what washington has done and they're very worried about china. >> nobel prize for literature has been awarded to the chinese writer. making the announcement, the swedish academy praised his for realism. many in the west may not be familiar with his work, but we have more on the prolific writing that has stretched for decades. >> [inaudible] >> he was at home with his dad when he heard that he won the nobel prize for literature, the first chinese national to do so. he said he felt overjoyed and terrified as the man who made the a
. euro zone leaders will try to nurture the spanish economy through the troubled banks. first on the list will probably be a bailout for the spanish bank. greece is also a big worry. the european central bank on the ground but in a report card together. they cannot seem to come to agreement between the lenders about the next round of cuts to greece, which could delay the next round of bailouts for the country. the next question is can the country afford a waiting game? >> among issues is the progress for 2013. it's been relatively ok, because most of the items have been approved by the troika. so much of the additional services measures of $13.5 billion, now they look more less set. nevertheless, we need some further write-down of greek outstanding debt burden. if the imf or to participate in the program, then it would need sustainability. the forecast for the economy for the next year, the debts are not sustainable. >> i want to take you back to the mergers and acquisitions story regarding china. we hear the term "trade war." >> some say that it's kind of smells of that. given the global
Search Results 0 to 49 of about 594 (some duplicates have been removed)